370:
hedge fund
Veraison attempted to unseat Aryzta's board of directors. In August 2020, Aryzta announced that the departure of group CFO, Fredric Pflanz, would follow the resignation of two other board members, Dan Flinter and Rolf Watter. At a special Extraordinary General Meeting, in September 2020, activist investors took control of Aryzta, ousting the board. In 2021, London-based Lodbrok Capital LLP's European Credit Opportunities Fund helped Aryzta stop a take-over bid from
418:
24:
369:
In
November 2019, The Phoenix reported that "since the appointment of Gary McGann as chairman of Aryzta in December 2016, the share price has fallen from €40 to its current €1.20, a drop of 97%. This is one of the single worst episodes of equity destruction of any Irish company". In January 2020,
388:
In 2022, Aryzta more than doubled its bakery capacity in
Malaysia through the acquisition of the bakery, equipment and associated land of De-Luxe Food Services from Envictus International Holdings. and, in March 2023, Aryzta announced that it had doubled its production capacity for sourdough and
729:
413:
burger buns. Aryzta operates 53 bakeries & kitchens across Europe, North
America, South America, Asia, Australia and New Zealand. Aryzta refers to itself as one of the largest frozen bakery companies in the world.
361:
In
November 2019, the company sold its British specialist bakery business, Delice de France, to its management for an undisclosed sum, and, in October 2019, Aryzta reduced its stake in the French frozen food company
341:
Aryzta bought
Honeytop Speciality Foods in September 2011, Klemme AG, a German manufacturer of frozen bakery products, for €280 million, in 2013, and Pineridge Bakery in Canada and
1137:
1198:
1193:
1188:
444:
1026:
1183:
654:
611:
348:
In
October 2016, it was confirmed that Gary McGann would join Aryzta as chairman. In February 2017, Owen Killian, announced his resignation as CEO of the company.
52:
59:
345:
in the US for €730 million in 2014. It also acquired the
Hungary-based Fornetti group, which has operations in central and eastern European markets, in 2015.
251:
on 1 March 2021. The group is a major supplier in the specialty frozen bakery sector, and is a global supplier of baked goods to the food service, retail and
926:
1069:
1050:
1203:
588:
1094:
778:
1118:
804:
477:
143:
629:
451:
1001:
852:
680:
358:
In May 2018, Aryzta approved a three-year restructuring plan aimed at delivering €200 million in cost savings over three years.
827:
951:
371:
409:. Other brands include Shamrock Foods, Cuisine de France and Hubert. Aryzta is particularly known for providing
501:
901:
876:
560:
280:
355:, and, in March 2018, the company sold its shareholding in Signature Flat Breads back to the Eid family.
976:
977:"Gary McGann leads Irish exodus as activist investors take control of Cuisine de France owner Aryzta"
706:
272:
252:
301:
In 2003, Owen
Killian who joined IAWS in 1976 took over as CEO of IAWS Plc, replacing Philip Lynch.
389:
speciality breads in the UK and
Ireland with an investment in the Grange Castle bakery in Dublin.
324:
309:
244:
48:
34:
534:
363:
754:
342:
382:
316:
190:
351:
In February 2018, Aryzta announced that it had sold the Big Texas and Cloverhill brands to
248:
406:
352:
295:
1177:
755:"Why the Roscommon man running the food giant behind Cuisine de France just resigned"
410:
42:
335:
305:
276:
65:
417:
378:
288:
240:
236:
96:
1051:"Aryzta sells North American bakery business to private equity firm for $ 850M"
159:
377:
In 2021, the company sold off its Brazilian businesses (Aryzta do Brasil) to
232:
220:
92:
327:
and the Irish Stock Exchange on 22 August 2008. The new name derived from
284:
109:
1027:"Aryzta agrees new €500m credit facility and sells Brazilian businesses"
23:
398:
224:
405:-based products and its higher end of Artisan Breads available from
416:
402:
381:, and sold off its North American holdings to private equity firm
328:
124:
927:"Swiss fund that led Aryzta coup cuts stake in food group again"
612:"Agenda: Aryzta looking for dough as bakery business falls flat"
228:
166:
150:
134:
366:, selling 43% of its stake to Groupe Zouari for €156 million.
113:
681:"Aryzta acquires Pineridge and Cloverhill bakeries for €730m"
275:
in 1988 and for most of the 1990s the company was managed by
1095:"Aryzta says bake-off success is driving market share gains"
247:(the Zürich Stock Exchange). It discontinued its listing on
1002:"London Lodbrok Capital Hedge Fund Posts 32% Gain for 2021"
211:
1166:
202:
193:
177:
294:
The company went on to buy Delice de France in 1999 and
1000:
García Pérez, Irene; Kumar, Nishant (21 January 2022),
877:"Aryzta reduces Picard stake in €156M deal | PitchBook"
271:('IAWS') in December 1897. It was first listed on the
649:
647:
630:"Switzerland's ARYZTA buys Honeytop Speciality Foods"
205:
208:
199:
1070:"Aryzta more than doubles its capacity in Malaysia"
196:
173:
157:
141:
130:
120:
102:
88:
80:
72:
58:
40:
30:
397:ARYZTA is known for its Delice de France range of
319:AG in August 2008 and, having changed its name to
1119:"McDonald's Buns Maker Is In a Kitchen Nightmare"
828:"Aryzta unveils €200 million restructuring plan"
806:Signature Flatbreads buys out JV partner Aryzta
265:Irish Co-Operative Agricultural Agency Society
589:"Aryzta may sell stake in Origin Enterprises"
478:"Aryzta to cancel Irish stock market listing"
8:
1199:Food and drink companies established in 1897
952:"Aryzta loses another senior member of team"
730:"Gary McGann set to join Aryzta as chairman"
16:
655:"Aryzta acquires frozen bakery firm Klemme"
1194:Companies listed on the SIX Swiss Exchange
779:"Hostess Acquires Aryzta Breakfast Brands"
22:
15:
902:"GARY MCGANN FAILS TO DELIVER FOR ARYZTA"
826:Schroeder, Eric Schroeder (24 May 2018),
439:
437:
435:
853:"Aryzta offloads Delice de France in UK"
851:McCaughren, Samantha (3 November 2019),
291:in 1990 and Cuisine de France in 1997.
1189:Manufacturing companies based in Zürich
1184:Food and drink companies of Switzerland
529:
527:
525:
523:
431:
707:"Swiss ARYZTA buys Hungarian Fornetti"
583:
581:
975:Percival, Geoff (16 September 2020),
753:O'DONOGHUE, PAUL (14 February 2017),
632:. Food Manufacture. 26 September 2011
7:
287:. It bought Shamrock Foods in 1989,
269:Irish Agricultural Wholesale Society
1068:Gleeson, Colin (14 February 2022),
803:Perrett, Michelle (14 March 2018),
476:Donnelly, Ellie (19 January 2021),
1025:Taylor, Charlie (19 August 2021),
925:Donnelly, Ellie (5 January 2021),
728:Brennan, Joe (22 September 2016),
304:In June 2007, Aryzta spun off its
14:
709:. Budapest Journal. 6 August 2015
1093:Bramford, Vince (6 March 2023),
950:Bamford, Vince (5 August 2020),
900:Bags, Money (29 November 2018),
334:, which referred to the apex or
267:in January 1897 and renamed the
189:
263:The company was founded as the
1204:1897 establishments in Ireland
591:. Irish Examiner. 27 June 2008
502:"Philip Lynch does it his way"
223:, Switzerland. It operates in
1:
421:Logo of the former IAWS Group
219:is a food business based in
1138:"Aryzta: Behind the scenes"
1136:Dan Malovany (2015-01-26).
445:"Financial Statements 2017"
323:, commenced trading on the
1220:
21:
315:The company merged with
253:quick service restaurant
239:. It is incorporated in
372:Elliott Management Corp
281:chief executive officer
422:
931:The Irish Independent
482:The Irish Independent
420:
243:and is listed on the
457:on 14 September 2018
273:Irish Stock Exchange
137:3,797 million (2017)
685:BakeryAndSnacks.com
659:BakeryAndSnacks.com
610:O'Halloran, Barry.
561:"Owen Killian IAWS"
385:for $ 850 million.
18:
1142:Food Business News
832:Bakingbusiness.com
661:. 20 February 2013
508:. 13 February 2005
423:
338:of a wheat grain.
325:SIX Swiss Exchange
310:Origin Enterprises
245:SIX Swiss Exchange
169:906 million (2017)
153:808 million (2017)
35:Aktiengesellschaft
1125:. 13 August 2018.
857:Irish Independent
567:, 8 February 2004
565:Irish Independent
343:Cloverhill Bakery
183:
182:
1211:
1170:
1169:
1167:Official website
1152:
1151:
1149:
1148:
1133:
1127:
1126:
1115:
1109:
1108:
1107:
1105:
1099:Bakeryinfo.co.uk
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906:Phoenix Magazine
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541:. 14 August 2010
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518:
517:
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492:
491:
490:
488:
473:
467:
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464:
462:
456:
450:. Archived from
449:
441:
383:Lindsay Goldberg
317:Hiestand Holding
218:
217:
214:
213:
210:
207:
204:
201:
198:
195:
144:Operating income
68:
26:
19:
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1074:The Irish Times
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1031:The Irish Times
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956:Bakeyinfo.co.uk
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734:The Irish Times
727:
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688:
687:. 11 March 2014
679:
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664:
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628:
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623:
616:The Irish Times
609:
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594:
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579:
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559:
558:
554:
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539:The Independent
535:"The quiet man"
533:
532:
521:
511:
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506:The Independent
500:
499:
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486:
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428:
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364:Picard Surgelés
261:
249:Euronext Dublin
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146:
125:Bakery products
105:
64:
45:
12:
11:
5:
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1191:
1186:
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1160:
1159:External links
1157:
1154:
1153:
1128:
1110:
1085:
1060:
1042:
1017:
1006:Bloomberg News
992:
981:Irish Examiner
967:
942:
917:
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868:
843:
818:
795:
783:CSP Daily News
770:
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698:
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621:
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577:
552:
519:
493:
468:
430:
429:
427:
424:
407:La Brea Bakery
394:
391:
353:Hostess Brands
308:activities as
296:La Brea Bakery
260:
257:
181:
180:
178:www.aryzta.com
175:
171:
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881:pitchbook.com
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39:
36:
33:
29:
25:
20:
1145:. Retrieved
1141:
1131:
1122:
1113:
1104:12 September
1102:, retrieved
1098:
1088:
1077:, retrieved
1073:
1063:
1054:
1045:
1034:, retrieved
1030:
1020:
1009:, retrieved
1005:
995:
986:12 September
984:, retrieved
980:
970:
961:12 September
959:, retrieved
955:
945:
934:, retrieved
930:
920:
911:12 September
909:, retrieved
905:
895:
884:. Retrieved
880:
871:
862:12 September
860:, retrieved
856:
846:
837:12 September
835:, retrieved
831:
821:
812:12 September
810:, retrieved
805:
798:
786:. Retrieved
782:
773:
764:11 September
762:, retrieved
758:
748:
739:11 September
737:, retrieved
733:
723:
711:. Retrieved
701:
689:. Retrieved
684:
675:
663:. Retrieved
658:
634:. Retrieved
624:
615:
605:
593:. Retrieved
571:11 September
569:, retrieved
564:
555:
543:. Retrieved
538:
510:. Retrieved
505:
496:
485:, retrieved
481:
471:
461:14 September
459:. Retrieved
452:the original
396:
387:
376:
368:
360:
357:
350:
347:
340:
331:
320:
314:
306:agribusiness
303:
300:
293:
289:R&H Hall
277:Philip Lynch
268:
264:
262:
185:
184:
112:and Interim
108:Urs Jordi, (
89:Headquarters
66:CH0043238366
31:Company type
1079:24 February
1036:24 February
1011:24 February
936:24 February
636:22 December
595:22 December
545:22 December
512:22 December
487:24 February
379:Grupo Bimbo
279:, first as
241:Switzerland
237:New Zealand
97:Switzerland
1178:Categories
1147:2015-10-05
886:2020-10-11
713:28 January
691:28 January
665:28 January
426:References
411:McDonald's
393:Operations
283:and later
160:Net income
104:Key people
1123:Bloomberg
1055:Food Dive
298:in 2001.
255:sectors.
233:Australia
186:ARYZTA AG
43:Traded as
17:ARYZTA AG
285:chairman
121:Products
110:Chairman
73:Industry
401:-style
259:History
174:Website
131:Revenue
81:Founded
51::
788:10 May
399:French
332:arista
321:ARYZTA
225:Europe
221:Zürich
93:Zürich
455:(PDF)
448:(PDF)
403:bread
329:Latin
312:plc.
1106:2023
1081:2022
1038:2022
1013:2022
988:2023
963:2023
938:2022
913:2023
864:2023
839:2023
814:2023
790:2018
766:2023
759:FORA
741:2023
715:2016
693:2016
667:2016
638:2012
597:2012
573:2023
547:2012
514:2012
489:2022
463:2018
235:and
229:Asia
84:1897
76:Food
60:ISIN
53:ARYN
336:awn
114:CEO
49:SIX
1180::
1140:.
1121:.
1097:,
1072:,
1053:.
1029:,
1004:,
979:,
954:,
929:,
904:,
879:.
855:,
830:,
781:.
757:,
732:,
683:.
657:.
646:^
614:.
580:^
563:,
537:.
522:^
504:.
480:,
434:^
374:.
231:,
227:,
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889:.
792:.
717:.
695:.
669:.
640:.
618:.
599:.
549:.
516:.
465:.
215:/
212:ə
209:t
206:z
203:ɪ
200:r
197:ˈ
194:æ
191:/
167:€
165:–
151:€
149:–
135:€
116:)
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